Humanoid robot startup Apptronik has now raised $935M at a $5B+ valuation

Apptronik, a humanoid robot startup spun out of the University of Texas, has raised a total of $935 million in funding at a post-money valuation of approximately $5.3 billion. This latest capital infusion includes $520 million from existing investors such as Google, Mercedes-Benz, and B Capital, as well as new backers, following an earlier $415 million round that was expanded due to strong demand. Although the company refers to this as an extension of its Series A round, investors have paid increasingly higher prices for shares, effectively tripling its initial valuation of around $1.75 billion. The startup focuses on developing embodied AI robots capable of perceiving their environment and performing complex physical tasks like unloading trailers, picking warehouse inventory, and tending machinery. Unlike many early-stage companies, Apptronik has a long history in humanoid robotics dating back to 2013, when its founding team participated in the NASA-DARPA Robotics Challenge. The company’s significant funding and partnerships with major